Stibbe advises Delivery Hero

Stibbe advises Delivery Hero

Stibbe advises Delivery Hero

Stibbe advises Delivery Hero on the sale of its German food delivery businesses Lieferheld, Pizza.de and foodora to Takeaway.com in exchange for cash and an equity stake in Takeaway.com.

Under the transaction, Delivery Hero will sell the outstanding shares in Delivery Hero Germany to Takeaway.com for a total consideration of c. €930 million consisting of €508 million in cash and €422 million in shares in Takeaway.com.

Experience - Stibbe together with Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on the acquisition of a 10% interest in VTTI BV, the owner and operator of storage terminals in 14 countries, including amongst others the Netherlands and Belgium, with 60 million barrels of capacity. Vitol and the IFM Global Infrastructure Fund will both own a 45% interest in VTTI.

Experience - Stibbe together with Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on its newly established global nitrogen fertilizer business joint venture with OCI NV (to be held 42% and 58% respectively) with a combined annual revenue of USD 1.74 billion.

Experience - Stibbe is advising insurance and reinsurance group Athora on its acquisition of Vivat N.V. from Anbang and the related sale of Vivat Schadeverzekeringen to NN Group. The acquisition marks a significant step of Athora’s entry into the Dutch life insurance market following acquisitions in Ireland, Belgium and Germany.

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